PayPal (NASDAQ:PYPL) Given New $68.00 Price Target at Sanford C. Bernstein

PayPal (NASDAQ:PYPL) had its price target increased by equities research analysts at Sanford C. Bernstein from $66.00 to $68.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 9.13% from the company’s current price.

Several other research analysts have also recently issued reports on PYPL. Monness Crespi & Hardt dropped their target price on PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Susquehanna lifted their price objective on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Canaccord Genuity Group dropped their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, UBS Group lifted their target price on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, PayPal has an average rating of “Hold” and an average price target of $70.47.

PayPal Trading Up 0.3 %

PayPal stock opened at $62.31 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal has a one year low of $50.25 and a one year high of $76.54. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The business’s fifty day moving average is $62.34 and its 200 day moving average is $59.93.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm posted $1.01 earnings per share. PayPal’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that PayPal will post 3.93 EPS for the current year.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal in the fourth quarter valued at about $25,000. Sutton Wealth Advisors Inc. increased its holdings in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares during the period. American National Bank acquired a new position in shares of PayPal in the first quarter valued at about $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of PayPal in the second quarter valued at about $27,000. Finally, Main Street Group LTD acquired a new position in shares of PayPal in the fourth quarter valued at about $27,000. 68.32% of the stock is owned by institutional investors and hedge funds.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.